New World Bank Head Vows to Uphold Climate-Change Policies

Malpass says he will support policies to prohibit coal power plants

WASHINGTON—New World Bank President David Malpass said Tuesday he will support policies prohibiting financing of coal power plants as part of the institution’s efforts to combat climate change.

“Climate change is a key problem facing people either through extreme poverty or through shared prosperity,” Mr. Malpass said at a news conference on his first day in office. “My expectation is the bank will continue on the direction it has been pursuing.”